Zhenshi ranks 191st among the Top 500 Private Enterprises in China
2025-08-28
On August 28, the All-China Federation of Industry and Commerce released three lists of the Top 500 Chinese Private Enterprises for 2025. Among them, Zhenshi Holding Group ranked 191st on the "Top 500 Chinese Private Enterprises" list, rising 12 places compared to last year; it ranked 42nd on the "Top 100 Chinese Private Service Enterprises" list, up 6 places from last year.
Over more than 40 years of reform and opening up, the private economy has always been an important driving force for China's economic development. As a private enterprise rooted in the real economy for over 50 years, Zhenshi, located in Zhejiang—a major and strong province for the private economy—has always adhered to practical work, taken the lead, and bravely stood at the forefront. It drives industrial upgrading through technological innovation, lays out the industrial chain with a global perspective, and strengthens its development foundation through diversified collaboration.
The space for development is expanding. Since first entering the Top 500 Chinese Private Enterprises in 2015, ranking 459th, Zhenshi has been on the list for eleven consecutive years, climbing to 191st place; since first entering the Top 100 Chinese Private Service Enterprises in 2021, ranking 92nd, it has been on the list for five consecutive years, rising to 42nd place. From these rankings, Zhenshi's rise vividly reflects the continuous growth of China's private economy, fully demonstrating that in the new era and new journey, the private economy has broad prospects and great potential, and that numerous private enterprises and entrepreneurs are embracing a vast stage to showcase their talents.
The challenges faced are also significant. Currently, international trade frictions are intensifying, global supply chains are being restructured, and combined with shrinking demand, competition is becoming increasingly fierce. Zhenshi, based on its two major industrial chains of stainless steel nickel resources and composite materials, spanning ten major industries, faces pressure head-on and moves forward resolutely with resilient growth. The more turbulent the environment, the more it must hold firmly to its goals. This confidence comes from the wisdom of turning crises into opportunities for transformation, and from the strategic determination of "promoting stability through progress, establishing before breaking," continuously advancing the reinvention of the enterprise, products, and profits.
The confidence to move forward remains unwavering. Zhenshi adheres to long-termism, firmly believes in positive trends, and uses "development" to solve "developmental problems." Throughout its growth, Zhenshi has maintained a pace of "one major project per year," accelerating international layout and industrial chain expansion. It deeply cultivates the "sweet potato economy" along the Belt and Road Initiative, achieving "headquarters in Tongxiang, bases across Eurasia, and a global industrial chain," accelerating integration into the dual circulation pattern. Innovation is the primary driving force, developing new quality productivity tailored to local conditions, achieving replacement of old with new, promotion of new by new, and nurturing new with new, striving to build a model private enterprise of new quality productivity.
The sea is boundless with the sky as its shore; climbing to the summit, I become the peak. Growing together with China's economy, Zhenshi climbs new heights between mountains and seas.
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